Question

Polaris, a manufacturer of snowmobiles, motorcycles, watercraft, and off-road vehicles, shares manufacturing operations across its businesses. It also has a corporate research and development facility and staff departments that support all of the Polaris operating divisions. This is an example of using?

Answer 1

Polaris exemplifies business synergy and resource sharing by utilizing a centralized research and development facility and support departments across multiple manufacturing divisions, improving efficiency and fostering innovation.

Step-by-step explanation:

Polaris, a company that manufactures snowmobiles, motorcycles, watercraft, and off-road vehicles, shares manufacturing operations across its different product divisions and maintains a corporate research and development facility. This practice is an example of synergy and resource sharing in a business setting, where different segments of the company leverage shared resources to create efficiencies, foster innovation, and support all of the operating divisions.

By doing so, Polaris benefits from the centralization of R&D efforts which can lead to advancements in technology and materials that can be utilized across all its products. Similarly, the support departments, such as HR, finance, and marketing, provide services to all divisions, minimizing redundancy and streamlining corporate management.

Answer 2

Answer: Related diversification

Step-by-step explanation: Related diversification refers to a situation that occurs when the business takes on an expansion by offering new products in the markets which are very similar to the existing ones that the firm offers. In the given case Polaris manufactures and offers automobile products in the market and he have separate departments for other different supporting activities for the business, thus, we can conclude that Polaris is using related diversification.